The Uncertain Future of Evil Geniuses Amidst Financial Turmoil

The Uncertain Future of Evil Geniuses Amidst Financial Turmoil

12. November 2023 by Valentin Pasetti

2023 has unfolded like a complex narrative for Evil Geniuses (EG), with the esports organization becoming entangled in significant financial distress. The repercussions have been swift and impactful, leading to substantial staff cuts and potentially drastic changes in their competitive landscape.

The Potential Esports Exodus

Rumors are swirling about EG’s departure from the competitive Counter-Strike scene, as noted by esports journalist Richard Lewis. The organization reportedly plans to shutter its male and female CS divisions, a move that hints at a strategic pivot or a dire necessity driven by financial constraints.

The League of Legends Conundrum

EG Full Team 2022

Parallel to the Counter-Strike withdrawal, EG is allegedly in the throes of selling its LCS spot, with Enthusiast Gaming—the parent company of Luminosity Gaming—emerging as the potential buyer. The transaction remains unconfirmed, yet it underlines EG’s urgent need for liquidity.

Counter-Strike’s Curtain Call

As EG seems to consolidate its focus on Riot Games titles, the CS2 male squad is expected to disband by December, with the female team dissolving slightly earlier. This decision marks a significant shift for the organization, traditionally known for its diverse esports portfolio.

The League of Legends and VALORANT Dilemma

Even as EG’s VALORANT and LoL teams face their own set of challenges, there are whispers of LoL roster members eyeing transfers for the 2024 season, further complicating the organization’s pathway forward.

The Dota 2 Disbandment

Adding to the upheaval, EG’s Dota 2 Latin team has also fallen victim to the budgetary axe, casting a shadow over the organization’s future in Valve’s prominent title.

Legal Battles Looming

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Syed “SumaiL” Hassan, a Dota 2 prodigy, has embroiled EG in legal proceedings, alleging “contract breach” and “fraud” over stock ownership disputes following Peak6 Capital’s acquisition of EG in 2019. With a jury trial set for November 6, the outcome could have significant ramifications for EG’s operational integrity.

Hoping for a Resolution

The convergence of fiscal woes, potential disengagements from major esports arenas, and legal challenges paints a picture of an organization at a crossroads. As Evil Geniuses navigate this precarious juncture, the esports community watches with bated breath, hoping for a resolution that preserves the legacy of a once-dominant force in competitive gaming.